19 Gov’t Assets Up for Privatization

EghtesadOnline: The third month of the current fiscal year (May 22-June 21) will witness 19 government-owned assets worth more than $109 million put up for sale both via capital market and tenders.

News ID: ۷۸۲۷۰۲

26 May 2018

The sales begin with Junqan Industrial Slaughterhouse valued at 150 billion rials ($3.57 million) on May 28, followed by Ardabil Province’s silo number 7 worth 131.7 billion rials ($3.13 million) on June 21. June 28 will see a 17.34% stake in Alborz Insurance Company worth 755.4 billion rials ($17.9 million) offered on Tehran Stock Exchange, followed by an 11.44% block share in Amin Reinsurance valued at 358.6 billion rials ($8.53 million) on Iran Fara Bourse. The government plans to offer 15 silos worth 3.18 trillion rials ($75.94 million) for sale on the same day, according to Financial Tribune. Buyers will have to pay 15% in cash and the rest in six-year installments, ILNA reported.